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ZEAL Network SE is a holding company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The German operating segment of the company are online brokerage of lotteries, the running of charity lotteries, and the operation of games, and the other segment comprises the online lottery operation for the charitable org ONCE in Spain and investment in early-stage start-ups under Zeal ventures.
1999
236
LTM Revenue $221M
LTM EBITDA $69.3M
$1.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ZEAL Network has a last 12-month revenue (LTM) of $221M and a last 12-month EBITDA of $69.3M.
In the most recent fiscal year, ZEAL Network achieved revenue of $211M and an EBITDA of $68.9M.
ZEAL Network expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ZEAL Network valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $221M | XXX | $211M | XXX | XXX | XXX |
| Gross Profit | $215M | XXX | $191M | XXX | XXX | XXX |
| Gross Margin | 98% | XXX | 90% | XXX | XXX | XXX |
| EBITDA | $69.3M | XXX | $68.9M | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $59.9M | XXX | $60.0M | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $54.6M | XXX | $65.6M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, ZEAL Network's stock price is EUR 46 (or $52).
ZEAL Network has current market cap of EUR 975M (or $1.1B), and EV of EUR 925M (or $1.0B).
See ZEAL Network trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.0B | $1.1B | XXX | XXX | XXX | XXX | $2.48 |
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Start Free TrialAs of May 30, 2025, ZEAL Network has market cap of $1.1B and EV of $1.0B.
ZEAL Network's trades at 4.9x EV/Revenue multiple, and 15.1x EV/EBITDA.
Equity research analysts estimate ZEAL Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ZEAL Network has a P/E ratio of 20.0x.
See valuation multiples for ZEAL Network and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.1B | XXX | $1.1B | XXX | XXX | XXX |
| EV (current) | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 15.0x | XXX | 15.1x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 17.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 20.0x | XXX | 16.7x | XXX | XXX | XXX |
| EV/FCF | 16.0x | XXX | 12.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialZEAL Network's last 12 month revenue growth is 11%
ZEAL Network's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
ZEAL Network's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ZEAL Network's rule of X is 58% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for ZEAL Network and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 36% | XXX | XXX | XXX |
| Rule of 40 | 39% | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 58% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 30% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 62% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ZEAL Network acquired XXX companies to date.
Last acquisition by ZEAL Network was XXXXXXXX, XXXXX XXXXX XXXXXX . ZEAL Network acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was ZEAL Network founded? | ZEAL Network was founded in 1999. |
| Where is ZEAL Network headquartered? | ZEAL Network is headquartered in Germany. |
| How many employees does ZEAL Network have? | As of today, ZEAL Network has 236 employees. |
| Is ZEAL Network publicy listed? | Yes, ZEAL Network is a public company listed on FRA. |
| What is the stock symbol of ZEAL Network? | ZEAL Network trades under TIMA ticker. |
| When did ZEAL Network go public? | ZEAL Network went public in 2005. |
| Who are competitors of ZEAL Network? | Similar companies to ZEAL Network include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of ZEAL Network? | ZEAL Network's current market cap is $1.1B |
| What is the current revenue of ZEAL Network? | ZEAL Network's last 12 months revenue is $221M. |
| What is the current revenue growth of ZEAL Network? | ZEAL Network revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of ZEAL Network? | Current revenue multiple of ZEAL Network is 4.7x. |
| Is ZEAL Network profitable? | Yes, ZEAL Network is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ZEAL Network? | ZEAL Network's last 12 months EBITDA is $69.3M. |
| What is ZEAL Network's EBITDA margin? | ZEAL Network's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of ZEAL Network? | Current EBITDA multiple of ZEAL Network is 15.0x. |
| What is the current FCF of ZEAL Network? | ZEAL Network's last 12 months FCF is $65.0M. |
| What is ZEAL Network's FCF margin? | ZEAL Network's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of ZEAL Network? | Current FCF multiple of ZEAL Network is 16.0x. |
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